It's not about the debt, it's the way that you pay it: economic survival in the age of coronavirus
Small business is just one of the victims of COVID-19. What if there is a way to hold off debt repayment until there is money in the bank to pay it? Bruce Chapman, professor at the ANU College of Business and Economics, says we can learn a lot from the HECS loan system he helped to implement in the 1980s. He believes that deferring loan repayments could be the key to economic recovery, especially for small business.